The National Economic and Development Authority (NEDA) said that President Marcos has given his approval for the purchase of five additional units of state-of-the-art patrol vessels from the Japanese government. In a briefing on Thursday, Nov. 9, NEDA Secretary Arsenio M. Balisacan said the...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez believes that the country’s minimum gross domestic product (GDP) growth target of 6 percent for the year 2023 is still achievable. This, after the Philippines posted a...
More Filipinos considered themselves poor due to inflation, a Cabinet official said. President Ferdinand 'Bongbong' Marcos Jr. and NEDA Secretary Arsenio Balisacan discuss high-impact projects during the NEDA Board meeting on Oct. 13, 2023. (Photo courtesy of PCO) National Economic and Development...
The National Economic and Development Authority (NEDA) welcomed the transfer of the Development Academy of the Philippines (DAP) as one of its attached agencies. “Our development plan for socioeconomic transformation emphasizes the need to enhance productivity frameworks across government sectors...
An amendment seeking to address the private sector’s concerns and create a more enabling policy environment for infrastructure projects is in the works, the National Economic and Development Authority (NEDA) said. During the 12th Arangkada Philippines Forum yesterday, NEDA Secretary Arsenio M....
While long holidays are often embraced by many, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan believes they can pose challenges for Filipinos striving to earn a living. Balisacan explained that mandatory holidays enforced by the government can be especially...
President Marcos led the approval of several high-impact projects amounting to P269.7 billion to boost tourism and gaps in the country's healthcare system. President Ferdinand 'Bongbong' Marcos Jr. and NEDA Secreatry Arsenio Balisacan discuss high-impact projects during the NEDA Board metting on...
There is no major impact caused by the Israel-Hamas war on the country's economy, a Cabinet official said. NEDA Secretary Arsenio Balisacan (Photo courtesy of PCO) National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said there is "hardly any impact" as there is no major...
The Philippines needs more time to create high-quality jobs, as the current growth is mainly focused on low-quality job opportunities, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said the government needs to make significant investments,...
The National Economic and Development Authority (NEDA) does not support the increase of interest rates, noting that it could hurt consumers amid high inflation. “If I were in the Monetary Board, I would say no. We have been the most aggressive in the region in raising interest rates,” NEDA...
The government’s inter-agency body on inflation has officially recommended to President Marcos that the reduced import tariff on rice be extended until the end of next year, the National Economic and Development Authority (NEDA) said. After the Oct. 3 meeting of the Inter-Agency Committee on...
The country's unemployment rate plunged to 4.4 percent, equivalent to 2.21 million jobless Filipinos in August, the Philippine Statistics Authority (PSA) reported. The latest number is lower than the 4.8 percent or 2.27 jobless individuals recorded in July and the 5.3 percent or 2.68 million...
